In a ranking of the top hedge fund earners, seven of whom earned more than a billion dollars in 2009, Stamford-based SAC Capital Advisors’ Steven Cohen ranked as the fifth-highest earner with $1.4 billion and Edward Lampert of Greenwich-based ESL Investments ranked sixth earning $1.3 billion last year, according to published reports.
Lampert was tied with investor Carl Icahn, principal of New York City-based Icahn Capital Management.
The top breadwinner for 2009 in the world of hedge funds was reported to be David Tepper of New Jersey-based Appaloosa Management at $4 billion.
Others in the top ten included:
Phil Falcone of New York City-based Harbinger Capital; John Arnold of Houston-based Centaurus Investors; Ken Griffin of Chicago-based Citadel Investment Group; John Paulson of Oregon-based Paulson & Co.; James Simon of Long Island-based Renaissance Technologies Inc.; and George Soros of Soros Fund/Quantum Endowment in New York City.
The industry’s 25 top-paid executives earned $25.33 billion, a record and more than double the amount they took home in 2008. The ranking and earnings figures were published April 1 by Institutional Investor’s AR: Absolute Return + Alpha.
